Property and Equipment
|12 Months Ended|
Dec. 31, 2018
|Property, Plant and Equipment [Abstract]|
|Property and Equipment||
4. PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
Depreciation and amortization expense related to property and equipment was $280,547 and $409,279 for the years ended December 31, 2018 and 2017, respectively, of which, $259,581 and $380,309, respectively, was recorded within cost of sales in the accompanying consolidated statements of operations.
During the years ended December 31, 2018 and 2017, the Company disposed of property and equipment with a net book value of $66,746 and $803 which resulted in a loss on disposal of $66,746 and $803, respectively, which was included within general and administrative expenses in the consolidated statements of operations.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef